Kuwait: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Kuwait

The Kuwaiti textile rubber hose market skyrocketed to $X in 2021, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.8% against 2019 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Textile Rubber Hose Exports

Exports from Kuwait

After two years of growth, overseas shipments of rubber hose reinforced with textiles decreased by -37.9% to X tons in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 170%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, textile rubber hose exports shrank dramatically to $X in 2021. Overall, exports, however, saw a measured increase. The growth pace was the most rapid in 2020 with an increase of 182% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for textile rubber hose exports from Kuwait, accounting for a 66% share of total exports. Moreover, textile rubber hose exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold. Belgium (X kg) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-20.1% per year) and Belgium (+36.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for rubber hose reinforced with textiles exports from Kuwait, comprising 64% of total exports. The second position in the ranking was taken by the United States ($X), with a 25% share of total exports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.1% per year) and the United Arab Emirates (-23.7% per year).

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, jumping by 35% against the previous year. Overall, the export price posted prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 105%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Kuwait

In 2021, overseas purchases of rubber hose reinforced with textiles were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 41% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, textile rubber hose imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.4% against 2019 indices. Over the period under review, imports attained the maximum at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

Italy (X tons), Turkey (X tons) and China (X tons) were the main suppliers of textile rubber hose imports to Kuwait, with a combined 28% share of total imports. Germany, the United States, India, South Korea, Spain, Malaysia, Japan, Mexico, Thailand and Canada lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +46.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose suppliers to Kuwait were the United States ($X), Italy ($X) and China ($X), with a combined 30% share of total imports. Germany, Turkey, Japan, Mexico, India, Thailand, South Korea, Spain, Malaysia and Canada lagged somewhat behind, together accounting for a further 37%.

Canada, with a CAGR of +43.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average textile rubber hose import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 35%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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